Q.2 Describe the net asset method for intrinsic value method of valuation of shares.
Or
Average capital employed Rs. 4,00,000; Normal rate of return 10% profit for the first year Rs. 62000
second year Rs. 59000 and third year Rs. 66000;
Profit for second year has been arrived after writing of abnormal loss of Rs. 2000 and profit for the third
year includes a non operating income of Rs. 3000; present value of of annuity of Re. 1 is Rs. 2.4868.
Find out the value of goodwill by annuity method.
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